The historic resort the place Elvis Presley’s character acquired married within the 1961 movie “Blue Hawaii” will go up for auction at a foreclosures sale on Kauai this month.
The Backyard Island newspaper reported the deserted Coco Palms Resort might be auctioned July 26 on the steps of the Fifth Circuit Courthouse in Lihue.
Coco Palms initially opened in 1953 subsequent to a historic coconut grove and an historical Hawaiian fishpond. It has been closed since Hurricane Iniki — a Class 4 storm — slammed into Kauai in 1992. A number of makes an attempt to revive the property since have failed.
The property might be offered to the best bidder in as-is situation. The successful bidder must pay 10% in money, cash order or by licensed or cashier’s examine after bidding.
The purchaser might be chargeable for all prices and bills for the closing, in keeping with the authorized discover.
The newest effort to revive the resort deliberate to take the remaining construction and construct a 350-room resort and rebuild cottages.
The county’s Planning Division initially issued permits to Honolulu-based Coco Palms Hui, LLC, for the property in 2015. In March 2019, Stillwater Fairness Companions took over the property after Coco Palms Hui defaulted on greater than $11 million in financing on a $22-million mortgage.
The 46-acre grounds had been as soon as residence to Kauai’s final queen, Queen Deborah Kapule Kekaihaakulou. It’s the location of key scenes in “Blue Hawaii,” together with the final one the place Presley sings the “Hawaiian Wedding ceremony Tune” and holds his bride’s hand whereas they board a raft to cross a lagoon.